Social Sciences, asked by Anonymous, 7 months ago

how is economic development is measured

Answers

Answered by sharonthomas28

5

Answer:

GNP is the total market value of all final goods and services produced by a country in one year. It is a measure of economic activity, or how much is produced in a country. ... Therefore we must compare GNP PER CAPITA. To calculate GNP per capita (or income per person) we divide the GNP by the population.

Answered by Anonymous

6

GNP IS THE UNIT THROUGH WHICH ECONOMIC DEVELOPMENT IS MEASURED.

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